Despite the sanctions regime imposed by the US authorities against Iran, some cryptocurrency exchanges continue to serve local traders.
In the summer, the New York Times reported that Washington suspects the Kraken platform of continuing to process transactions involving users from the Islamic Republic.
According to Chainalysis, another Binance exchange is also operating on the Iranian market despite US sanctions.
Analysts found out that since 2018, this trading platform has processed transactions worth about $ 8 billion. All these transactions involved users from the Islamic Republic.
Binance interacted with the Iranian crypto exchange Nobitex, which ranks first in terms of trading volume in the country.